High Income Securities Fund (NYSE:PCF) to Issue Monthly Dividend of $0.06

Key Points

• High Income Securities Fund (NYSE:PCF) declared a monthly dividend of $0.058 per share, payable on May 29 to shareholders of record on May 19 (ex-dividend date May 19), representing an annualized yield of about 12.4%.
• PCF invests mainly in below-investment-grade debt—including high-yield corporate bonds and bank loans—and may employ leverage through borrowings and preferred stock to boost income, which increases credit and leverage risk.
• The fund's shares opened at $5.63, with a 50-day moving average of $5.79, a 200-day moving average of $6.05, and a 12-month trading range of $5.36 to $6.51.

High Income Securities Fund (NYSE:PCF - Get Free Report) declared a monthly dividend on Monday, April 13th. Stockholders of record on Tuesday, May 19th will be paid a dividend of 0.058 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Tuesday, May 19th.

High Income Securities Fund Stock Up 0.4%

NYSE PCF opened at $5.63 on Tuesday. The firm's 50-day moving average is $5.79 and its two-hundred day moving average is $6.05. High Income Securities Fund has a 12 month low of $5.36 and a 12 month high of $6.51.

High Income Securities Fund Company Profile

High Income Securities Fund NYSE: PCF is a closed-end management investment company dedicated to delivering a high level of total return, with an emphasis on current income. The fund invests primarily in a diversified portfolio of below-investment-grade debt securities, including corporate high-yield bonds, bank loans and other fixed-income instruments. While the majority of its holdings are denominated in U.S. dollars, the fund may also invest in non-U.S. issuers and currency exposures as part of its global credit strategy.

To pursue its objectives, PCF may employ leverage in the form of borrowings and preferred stock issuance, enhancing its capacity to generate income but also introducing additional risk.

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